RIM delays BB 10, to cut 5,000 employees, posts first loss

WATERLOO – The company is still selling millions of BlackBerrys and has $2.2 billion in the bank, but Canada’s tech darling for so many years, Research In Motion, is in deep, telling the world today it will let 5,000 employees go and delay, again, the launch of its new phones and operating system, BlackBerry 10, to 2013. As for the highlights from the corporate release: • Cash, cash equivalents, short-term and long-term investments increased to $2.2 billion at the end of the first quarter • Cash flow from operations was approximately $710 million in the first quarter • Shipments of...